Traditional Home in the Heart of Madalena do Pico – A Unique Investment Opportunity Located in the vibrant village of Madalena do Pico, this 325-square-meter property is distributed over two floors, with two independent units, offering multiple possibilities for use

Madalena, Ilha do Pico, Portugal

For Sale

€300,000

REF: 957886 €300,000


6

2

326 m2

Description

Traditional Home in the Heart of Madalena do Pico – A Unique Investment Opportunity Located in the vibrant village of Madalena do Pico, this 325-square-meter property is distributed over two floors, with two independent units, offering multiple possibilities for use. With its typical Pico Island architecture, this house holds immense potential for those looking to restore and transform a property with history and character.

Key Features Total area: 325m² Two floors with two independent fractions Traditional basalt stone construction, preserving the authenticity of Pico Island Roof structure in good condition, facilitating the restoration process Possibility of multiple uses: residential, commercial, or services Prime location in the heart of Madalena do Pico, the island’s main hub Prime Location – Everything Within Walking Distance This property is located in one of the most privileged areas of the island, offering convenience, accessibility, and a high potential for investment.

1-minute walk to the Areia Funda bathing area, where you can enjoy the crystal-clear Atlantic waters 1-minute walk to the center of Madalena do Pico, with its restaurants, cafes, shops, and essential services 2-minute walk to the João Quaresma Passenger Port, with ferry connections to Faial and other islands 10 minutes from the airport, ensuring easy access for residents or tourists 5 minutes from the heart of the UNESCO World Heritage Vineyard Landscape, an emblematic location of Pico Island Endless Possibilities – A Unique Opportunity This property is ideal for different investment profiles.

Whether you are looking for a family home, a vacation rental, a commercial space, or a mixed-use development, this house offers unmatched flexibility. Renovation Potential: While it requires rehabilitation, the solid structure and good roof condition make it an excellent project for those who wish to preserve the authenticity of the island while modernizing the space.

A Growing Market: Madalena do Pico is experiencing increasing demand from tourists and investors, thanks to its strategic location, unique landscape, and growing interest in the Azores as a prime travel destination. Stunning Surroundings and Unparalleled Quality of Life Living in Madalena do Pico means being surrounded by breathtaking landscapes and a high quality of life.

From the majestic Pico Mountain to the endless views of the Atlantic, this property places you in one of the most spectacular locations in the Azores. Don't miss this unique opportunity to invest in a property with history, character, and unlimited potential in the heart of Pico Island! Contact us for more information or to schedule a visit! #ref: 131860
Traditional Home in the Heart of Madalena do Pico – A Unique Investment Opportunity Located in the vibrant village of Madalena do Pico, this 325-square-meter property is distributed over two floors, with two independent units, offering multiple possibilities for use. With its typical Pico Island architecture, this house holds immense potential for those looking to restore and transform a property with history and character.

Key Features Total area: 325m² Two floors with two independent fractions Traditional basalt stone construction, preserving the authenticity of Pico Island Roof structure in good condition, facilitating the restoration process Possibility of multiple uses: residential, commercial, or services Prime location in the heart of Madalena do Pico, the island’s main hub Prime Location – Everything Within Walking Distance This property is located in one of the most privileged areas of the island, offering convenience, accessibility, and a high potential for investment.

1-minute walk to the Areia Funda bathing area, where you can enjoy the crystal-clear Atlantic waters 1-minute walk to the center of Madalena do Pico, with its restaurants, cafes, shops, and essential services 2-minute walk to the João Quaresma Passenger Port, with ferry connections to Faial and other islands 10 minutes from the airport, ensuring easy access for residents or tourists 5 minutes from the heart of the UNESCO World Heritage Vineyard Landscape, an emblematic location of Pico Island Endless Possibilities – A Unique Opportunity This property is ideal for different investment profiles.

Whether you are looking for a family home, a vacation rental, a commercial space, or a mixed-use development, this house offers unmatched flexibility. Renovation Potential: While it requires rehabilitation, the solid structure and good roof condition make it an excellent project for those who wish to preserve the authenticity of the island while modernizing the space.

A Growing Market: Madalena do Pico is experiencing increasing demand from tourists and investors, thanks to its strategic location, unique landscape, and growing interest in the Azores as a prime travel destination. Stunning Surroundings and Unparalleled Quality of Life Living in Madalena do Pico means being surrounded by breathtaking landscapes and a high quality of life.

From the majestic Pico Mountain to the endless views of the Atlantic, this property places you in one of the most spectacular locations in the Azores. Don't miss this unique opportunity to invest in a property with history, character, and unlimited potential in the heart of Pico Island! Contact us for more information or to schedule a visit! #ref: 131860
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Property on Map

#131860

Currency Exchange

Madalena, Ilha do Pico, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €300,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€300,000 £247,170 £260,427 £13,257
Property Price € €300,000
Minimum cost in the last six months £247,170
Maximum cost in the last six months £260,427
Fluctuating exchange rates over the last six months could have increased the cost of this property by £13,257

Madalena, Ilha do Pico, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €300,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€300,000 £247,170 £260,427 £13,257
Property Price € €300,000
Minimum cost in the last six months £247,170
Maximum cost in the last six months £260,427
Fluctuating exchange rates over the last six months could have increased the cost of this property by £13,257

The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £13,257 more.

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